A legendary trader’s prediction for Bitcoin's price increase is materialising as it approaches $90,000. An unusual Bitcoin buy signal could trigger the next rally. A House Bill proposes the establishment of a Bitcoin Reserve with a distinctive difference. This has sparked a war with a Congressman opposing Trump's crypto plans. Speculation ripples resulting from a White House leak suggests radical action on Bitcoin's price. Despite Bitcoin’s recent downturn, one prominent figure maintains that Bitcoin still holds potential as the greatest bet this year. A recent development shows Russia resorting to Bitcoin for its oil trades with China and India. Despite the bears having a significant impact on new market entrants, reports indicate a rise in Bitcoin’s Open Interest, signaling a potential restart of the bull run. In other news, Bitcoin might face difficulties as the crypto market navigates a potential trade war. The US Government is considering the purchase of Bitcoin as a strategic reserve. However, concerns surrounding Bitcoin's volatility remains, especially in light of Trump's reserve plan. Lastly, new legislation in Brazil could pave the way for payment of salaries in Bitcoin.
Bitcoin News Analytics from Tue, 25 Feb 2025 08:00:00 GMT to Sat, 15 Mar 2025 23:30:00 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor -1
